Export prices for most grades of rice discontinued their upward mome ntum, as the Thai
Baht and domestic prices eased. The Thai Baht weakened to 39.7 Baht/US$, as compared to
the previous week’s average of 39.4 Baht/US$. At the moment, export price variation is
reportedly determined by exchange rates. Meanwhile, domestic prices leveled off, reflecting
market corrections. However, current price levels remained high as a result of the
government intervention program. Trade sources reported that some exporters were still
reluctant to conclude deals due to their concerns over uncertain exportable supplies.